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Budgets are income and expense estimates used for planning. Throughout the year, you can compare budgeted goals with actual fiscal performance to determine your progress.
You can enter budgets for revenue and expense accounts either by the year or by the month, and you can use different methods for each account. If you choose to enter a monthly budget for an account, you can budget different amounts for each month. If you choose to enter an annual budget for an account, the budget is evenly dispersed over a 12 month period.
To help you enter your budget, you can export it to Microsoft Excel, update it, and import it back into ACS. This is helpful if various departments need to update a budget but do not have access to ACS. You can also edit budgets by grid or copy budgets from previous years.